SG Americas Securities LLC increased its position in Groupon Inc (NASDAQ:GRPN) by 46.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,586 shares of the coupon company’s stock after purchasing an additional 27,610 shares during the quarter. SG Americas Securities LLC’s holdings in Groupon were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. P2 Capital Partners LLC acquired a new position in shares of Groupon during the 1st quarter worth about $34,720,000. Old Mutual Global Investors UK Ltd. grew its position in shares of Groupon by 473.8% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 8,663,418 shares of the coupon company’s stock valued at $37,599,000 after purchasing an additional 7,153,551 shares during the period. Wells Fargo & Company MN grew its position in shares of Groupon by 92.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,985,470 shares of the coupon company’s stock valued at $30,038,000 after purchasing an additional 3,353,584 shares during the period. First Trust Advisors LP grew its position in shares of Groupon by 10.8% in the 2nd quarter. First Trust Advisors LP now owns 19,050,925 shares of the coupon company’s stock valued at $81,919,000 after purchasing an additional 1,860,994 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Groupon by 31.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,339,668 shares of the coupon company’s stock valued at $23,174,000 after purchasing an additional 1,281,984 shares during the period. Hedge funds and other institutional investors own 66.81% of the company’s stock.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total value of $5,730,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.90% of the company’s stock.

Several equities analysts recently issued reports on GRPN shares. Wedbush reiterated a “neutral” rating and issued a $4.00 price objective on shares of Groupon in a research report on Thursday, September 13th. Zacks Investment Research upgraded Groupon from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Monday, October 8th. Morgan Stanley boosted their price objective on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. BidaskClub lowered Groupon from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, TheStreet lowered Groupon from a “c-” rating to a “d+” rating in a research report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Groupon presently has a consensus rating of “Hold” and a consensus target price of $5.40.

NASDAQ GRPN traded down $0.04 during trading on Friday, hitting $3.48. The stock had a trading volume of 8,074,518 shares, compared to its average volume of 9,072,727. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -116.00, a PEG ratio of 16.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.92 and a current ratio of 0.92. Groupon Inc has a 12 month low of $3.31 and a 12 month high of $5.99.

Groupon (NASDAQ:GRPN) last released its earnings results on Friday, August 3rd. The coupon company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $617.40 million during the quarter, compared to the consensus estimate of $632.20 million. Groupon had a negative net margin of 1.97% and a negative return on equity of 27.12%. The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. On average, equities research analysts forecast that Groupon Inc will post 0.08 EPS for the current year.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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